by Guest Blogger Jessica Kane Myths and Misconceptions About the Decline of Checks The use of checks has been on a continual decline for the last decade and most believe this will continue at an exponential rate until the eventual death of the check. No one can argue that the use of checks has been on the decline, but the truth is is that this decline has occurred at a … [Read more...]
Millennial’s Matter to Bank Marketing
A generation ago, bankers could count on young people –piggy banks in hand -- riding their parents’ coattails to the neighborhood branch. As the years passed a kid who opened a savings account at 10 opened a checking account or a student loan at the same bank before heading off to college at 18. In a few years, that meant a mortgage, a college fund for their children, or an … [Read more...]
What’s closing bank branches faster than the FDIC?
If you’ve heard it once, you’ve heard it a million times: mobile banking is going to change the banking industry. Sure, it won’t be overnight. But from all of the research I’ve seen, it won’t take long. I recently spoke at a Jack Henry Banking Educational Conference, where I held up my iphone and asked everyone what it was. As you can image, they all answered, “a phone.” I … [Read more...]
What are they doing on those phones?
Everywhere you look these days, people are on their smart phones. They are on them while they’re waiting for their flight at the airport, while waiting for their food at a restaurant, and even while waiting for the movie to start or the light at the intersection to change. They are either checking e-mails, sending text messages, watching movies, playing games, taking … [Read more...]